The posting
ABOUT THE ROLE
The Testing & Analytics Analyst independently performs retirement plan compliance testing, employer contribution calculations, client data analysis, and plan-document review within established procedures, regulatory guidance, and departmental controls. The role manages an assigned workload, validates results for completeness and accuracy, communicates testing outcomes and corrective requirements, and supports internal and external stakeholders. The Analyst serves as a knowledgeable resource for routine and moderately complex questions and escalates novel, ambiguous, sensitive, or higher risk matters to a Senior Analyst or department leadership. The position also participates in approved process, reporting, documentation, control, and automation improvements.
The position requires strong analytical, organizational, technical, and communication skills, as well as the ability to support internal and external stakeholders, resolve questions, manage deadlines, and identify opportunities for process improvement and operational efficiencies.
KEY RESPONSIBILITIES
- Perform annual non-discrimination testing, including ADP/ACP, Top Heavy, 402(g), 415, and other required compliance testing based on plan provisions.
- Review, analyze, and validate client data for completeness and accuracy to support compliance testing, plan analytics, and contribution calculations.
- Research, interpret, and apply plan documents and ERISA, IRS, and DOL requirements within established procedures, regulatory guidance, and departmental standards to determine testing requirements and corrective actions; escalate novel, ambiguous, or higher risk matters to a Senior Analyst or department leadership.
- Communicate testing results, annual expectations, deadlines, and corrective solutions professionally and accurately to internal stakeholders, account managers, clients, and partners
- Serve as a knowledgeable resource for routine and moderately complex questions from internal stakeholders regarding assigned plan analytics, compliance testing processes, and employer-contribution work
- Manage assigned workload, ticket queues, and departmental reporting to ensure adherence to internal goals, regulatory deadlines, and service-level agreements
- Research, investigate, and resolve testing, data, and calculation questions while escalating concerns and providing guidance to management as needed
- Support the investigation and resolution of internal and external client inquiries and escalations related to compliance testing, analytics, and project work; resolve matters within established authority and escalate complex, sensitive, or higher-risk issues as appropriate
- Identify process-improvement opportunities and participate in approved procedure, workflow, reporting, control, and automation improvements by testing changes, documenting results, and providing implementation feedback
- Assist with maintaining process documentation, preparing IT or internal business requests, and supporting working groups or enterprise projects as assigned
- Remain current on ERISA, IRS, DOL, 401(k) Testing, and plan compliance rules and regulatory changes
- Perform employer profit sharing, matching, safe harbor, and discretionary contribution calculations using client data and Company systems
- Provide expertise and consulting with the design, administration and communication of annual employer profit sharing, matching, retro safe harbor, forfeiture and other employer contributions using data housed within company systems
- Collaborates closely with the plan analytics at-large team to manage an assigned caseload of profit-sharing projections/calculations, proposals, reports, and, if necessary, revisions
- With support, demonstrates strong project management skills to manage the assigned profit-sharing caseload in a timely and efficient manner
- With minimal guidance, apply advanced retirement plan knowledge to prepare projections, perform calculations, and design cost comparisons – including, but not limited to, cross-tested profiting sharing, matching, match true-ups, plan aggregation, and safe harbor
- Demonstrate a consultative approach toward plan designs with the client and focuses on client satisfaction, communication, and client retention
- Develops proposals for potential clients highlighting benefits, such as cost savings and tax advantages, of the plan design
- Occasionally, perform client consultations via video conference or over-the-phone.
- During consultations, ensure clients are fully informed of plan limits, rules, regulations, requirements, testing principles, etc.
- Crosstrain on other compliance-related activities and provide assistance as needed, including 5500s and plan audits and related plan analytics support
EDUCATION, CREDENTIALS & EXPERIENCE
- Bachelor's degree in accounting, finance, mathematics or related field of study
- Qualified 401(k) Administrator (QKA) credential preferred but not required
- Ability to obtain ASPPA Retirement Plan Fundamentals (RPF) I within 6 months of hire and RPF II or equivalent certificate within 1 year of hire required, based on departmental requirements preferred, but not required
- Minimum 2+ years of 401(k), retirement plan, compliance testing, plan analytics, or related financial services experience preferred, but not required
- 1+ year of client-facing or customer support experience in the financial services industry required
- Advanced Excel experience preferred
- Experience using FIS Relius, proprietary retirement plan systems, Jira, and Microsoft Office highly preferred
SKILLS & QUALIFICATIONS
- Working to intermediate knowledge of ERISA, IRS, and DOL requirements related to retirement-plan compliance testing and employer contributions, with the ability to apply established guidance to assigned work.
- Strong analytical mindset with excellent computation and data analysis skills.
- Ability to research and interpret 401(k) regulations and plan document provisions.
- Intermediate knowledge of Microsoft Excel, including Pivot Tables, VLOOKUP, formulas, and basic calculations.
- Strong written and verbal communication skills with the ability to explain technical information clearly and professionally.
- Ability to organize, prioritize, and manage multiple tasks, deadlines, and competing priorities in a fast-paced environment.
- Excellent organizational, time management, and problem-solving skills.
- Ability to work independently and collaboratively while supporting team goals and departmental objectives.
- Ability to identify process improvement opportunities and support operational efficiencies.
- Ability to build effective internal relationships and communicate with management, senior leadership, clients, and cross-functional teams
- Effective written and verbal communication skills
- Ability to work independently, meet deadlines, and escalate issues appropriately
